Why Raptor Pharmaceuticals (RPTP) Stock Is Gaining Today

NEW YORK (TheStreet) -- Raptor Pharmaceuticals (RPTP) was gaining 21.6% to $10.02 Friday after beating analysts' estimates for earnings and revenue in the second quarter and raising its sales guidance for the year.

For the second quarter the drug manufacturer reported a loss of -15 cents a share, beating analysts' estimates of a loss of -21 cents by 6 cents. The company reported revenue of $16.31 million for the quarter, while analysts surveyed by Thomson Reuters expected revenue of $14.58 million for the quarter.

Report Pharmaceuticals also announced that is now expects net products sales of $65 million to $70 million for the full year, up from $55 million to 65 million.

Must read: Warren Buffett's 25 Favorite Stocks

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners.Click here to see the holdings for FREE.

RPTP ChartRPTP data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners.Click here to see the holdings for FREE.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

Tuesday's Premarket Movers: CAT, UTX, KO, MMM

Tuesday's Premarket Movers: CAT, UTX, KO, MMM

Vivendi Slides After Reports Vincent Bollore Questioned in Corruption Probe

Vivendi Slides After Reports Vincent Bollore Questioned in Corruption Probe

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet's Earnings Beat and 4 Other Business Stories You Must Know Tuesday

Alphabet's Earnings Beat and 4 Other Business Stories You Must Know Tuesday